Wed.Jan 11, 2023

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M&A spurred share price gains during Q4: WTW

CFO Dive

Five trends in deal-making will likely unfold in 2023, including a focus on purchases less than $1 billion and on “friend-shoring” to reduce geopolitical risks to supply chains, WTW said.

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It Was In My Other Pocket

Corporate Finance

Have you ever been short on money and gone through your clothes, only to find a $20 bill that you had forgotten about? We are sure that you were relieved. The same thing just happened to cryptocurrency exchange FTX, which filed for bankruptcy back in November. FTX attorneys announced that the company had found $5 billion in cash, liquid cryptocurrency, and other liquid investments!

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EY consulting arm poaches Cargill CFO

CFO Dive

Ernst & Young is moving forward with a “soft separation” of its audit and consulting arms as they appoint Jamie Miller to the CFO seat of what will be a new public entity.

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The 8 Highest-Paying Jobs in Major Banks for 2023

CFO News Room

A career in a major bank can be both rewarding and well-paying, with top positions garnering income of hundreds of thousands or even millions of dollars annually. For example, investment bankers are near the top of the list, often working for large investment banks like Goldman Sachs or Morgan Stanley. But what exactly do these high-earning professionals do?

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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FASB decides to require expense disclosures

CFO Dive

For investors, the new income statement disclosure project is the FASB’s most important initiative “by a factor of ten,” one board member said. But it will mean added costs for companies.

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More Trending

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Alcoa taps controller for CFO

CFO Dive

Alcoa’s controller will move to its CFO seat among an executive restructuring plan designed to help the company focus more deeply on cost and innovation.

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Bed Bath & Beyond, Tesla, Expedia and more

CFO News Room

Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images. Check out the companies making headlines in midday trading. Meme stocks — A group of so-called meme stocks skyrocketed Wednesday as retail investors jumped into speculative trades again. Bed Bath & Beyond rallied 38% to trigger the trend in morning trading Wednesday.

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ERP Software for Customer Relationship Management

Navigator SAP

Enterprise resource planning (ERP) software for medium businesses —or businesses of any size—can play a major role wherever they’re used, and Customer Relationship Management (CRM) is no exception.

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Setting Your B2B Sales Strategy in a Downturn

CFO News Room

Large companies (especially in the tech sector) are conducting layoffs and cutting costs. For sales teams selling to clients in cost-cutting mode, this requires new tactics. B2B sellers must recognize that a slow economy creates different kinds of opportunities: that buyers’ time horizons become shorter, their willingness to take the risk of working with a new vendor goes down, and their focus on core, profitable business units go up (making it harder to sell to experimental or peripheral busine

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • The Fed May Finally Be Winning the War on Inflation. But at What Cost? There’s a good chance that the Fed could push the economy into recession. The pain will not be shared equally. ( New York Times ). • Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023.

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Providing Mortgage Advice In A Higher Interest-Rate Environment: Opportunities For Advisors To Add Value

CFO News Room

Leading up to 2022, financial advisors and their clients had grown accustomed to a relatively low mortgage rate environment. In fact, until earlier this year, the average 30-year fixed mortgage rate had stayed below 5% since 2010 (and below 7% since 2001). But as the Federal Reserve has sought to raise interest rates this year to combat inflation, mortgage rates have reached higher levels not seen in more than 20 years, with 30-year fixed mortgages reaching an average of 6.9% in October 2022, tw

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Clips From Today’s Closing Bell

The Reformed Broker

After December’s trash fire, markets are optimistic, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Keep ISIS Off Twitter – WSJ

CFO News Room

I briefed Twitter executives in September 2016 about how Islamist terrorists were using the site and what the company could do about it. Until that point, the relationship between my organization, the Middle East Media Research Institute, or Memri, and the San Francisco-based social-media platform had been contentious. Twitter had repeatedly dismissed our calls to take action to stop jihadist infestation of the platform.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Google argues it doesn't block rivals in bid to kill US government antitrust lawsuit

CFO News

In December, Google asked Judge Amit Mehta of the US District Court for the District of Columbia to throw out both the antitrust case that the Justice Department filed in 2020.

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?U.S. Flight Disruptions Mount After FAA Grounding Order Ends ??

CFO News Room

Airlines were trying to recover from a temporary outage to a critical pilot-alert system that left planes unable to depart on Wednesday, snarling thousands of flights for hours and stranding travelers across the country. Normal air-traffic operations were “resuming gradually across the United States,” the Federal Aviation Administration said in its latest update on the issue.

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EY announces global CFO appointment

Future CFO

EY recently announced the appointment of Jamie Miller as global CFO, and CFO of its proposed new public entity. . The selection of Miller is another step in the separation process outlined last year, according to EY. . “EY is moving forward in a thoughtful and deliberate manner, making strong progress on the path to partner votes,” EY said in a statement.

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DoT may seek law ministry views on giving spectrum to entities

CFO News

Officials aware of the details said the DoT will ask if spectrum can be given administratively or through auction. While the Cabinet had approved direct allocation to enterprises in June 2022, it had not spelled out the specifics around the methodology. "We will seek clarity from the law ministry.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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How Will a Recession affect Nonprofits?

CFO Selections

While some economists and business analysts claim we are already in a recession, many more believe we will be in one by the end of the year. The general consensus is that whether we are already there, or it is coming soon, for-profit and non-profit organizations alike will be affected. The question is how will they be affected and what will those effects look like?

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Adoption of flexible benefits by employees on the rise: Report

CFO News

Global employee engagement platform Advantage Club in its report on employee benefits trends and outlook for 2023, finds that employee engagement is slated to take the frontline role in steering the future of the workplace - engaging, rewarding, and celebrating employees proactively.

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It Was In My Other Pocket

Essentials of Corporate Finance

Have you ever been short on money and gone through your clothes, only to find a $20 bill that you had forgotten about? We are sure that you were relieved. The same thing just happened to cryptocurrency exchange FTX, which filed for bankruptcy back in November. FTX attorneys announced that the company had found $5 billion in cash, liquid cryptocurrency, and other liquid investments!

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Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23

CFO News

Direct tax collection, net of refunds, stands at Rs. 12.31 lakh crore, which is 19.55 % higher than the net collections for the corresponding period of last year. "This collection is 86.68% of the total Budget Estimates of Direct Taxes for FY 2022-23," the ministry of finance said in a release.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Watershed Distillery x FocusCFO

Focus CFO

Founded in 2010, Watershed Distillery's quality spirits have put them on the map. Today, they are the number 1 independent distiller in Ohio. FocusCFO is proud to have partnered with Watershed Distillery to provide them with strategic financial guidance for their journey toward sustainable, transferrable business value.

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DRI issues show cause notice to Samsung India

CFO News

The agency in the notice also asked why a penalty should not be imposed against the senior management of the company. The DRI also issued a show cause notice to PricewaterhouseCoopers Pvt Ltd (PwC) and an associate director, who was questioned during the probe.

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2022 Core Value Awards

Focus CFO

Passionate | Continuous Learner | Sherpa | Excellent Communicator | Coachable. Each year we meet at our annual all-hands meeting to learn, share, celebrate our accomplishments, and recognize exemplary associates. Here are the recipients of our 2022 Core Value Awards, recognizing those associates who have shown a commitment to exemplifying our core values and corporate philosophy.

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Piramal Capital eyes Rs 1 lakh crore retail loan book

CFO News

The microfinance book which the company started last September forms 3 per cent of the loan book and the recently launched personal loans is about 0.2 per cent, the company's Managing Director Jairam Sridharan told PTI on Wednesday.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.